Sprouts Farmers Market (NASDAQ:SFM) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:02 PM.
Here's what investors need to know about the announcement.
Earnings
Sprouts Farmers Market beat estimated earnings by 6.67%, reporting an EPS of $0.32 versus an estimate of $0.3.
Revenue was up $109.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 4.69% increase in the share price the next day.
Here's a look at Sprouts Farmers Market's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.45 | 0.6 | 0.39 |
| EPS Actual | 0.56 | 0.52 | 0.7 | 0.59 |
| Revenue Estimate | 1.57B | 1.60B | 1.62B | 1.58B |
| Revenue Actual | 1.51B | 1.52B | 1.57B | 1.60B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sprouts Farmers Market management provided guidance for their next quarter, expecting earnings between $0.69 and $0.73 per share for the next quarter.
This represents a 121.88% in quarter-over-quarter growth for Sprouts Farmers Market, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
